MakeMyTrip

OYO had dismissed allegations by FHRAI

MakeMyTrip chief Deep Kalra had said FHRAI has no locus standi to decide commercial agreements

FHRAI had issued notices to Go-Ibibo and MMT

FHRAI issued notices to MakeMyTrip and Goibibo earlier this month

FHRAI is looking to approach the CCI and the tourism ministry

MakeMyTrip claims to have received more than 10K supporting emails from hotels

Delhi High Court passed an interim order on October 31

The court restrained five companies from using similar names

MakeMyTrip claims it spent 46% of its revenue on advertising and marketing in FY18

The financial results for the quarter ended on September 30, 2018, includes 100% of the financial and operating results of Air Travel Bureau

The revenue for the company reached $28.3 Mn for Q2 FY19

Gross Air Passengers booked were 2.7 Mn, representing YOY growth of 22.1%

In the second quarter of FY19m MakeMyTrip posted 25.3% increase in Adjusted Revenue reaching $160.1 Mn

MakeMyTrip controlled its losses by 24.5% in Q2 FY19

In the value segment, the Air Ticketing for flight segments increased by 29.5% YoY

Flexi Stay offers anytime check-in/check-out and usage-based pricing

It is currently being offered in New Delhi, Bengaluru, Shirdi and Tirupati

Yatra looks to soon launch Flexi Stay in 100 cities

The first phase of the launch has been rolled out at metros and cities across 10 states

MakeMyTrip ‘experiences’ is currently available for Android users

The company has announced to avail ‘experiences’ on Goibibo and redBus

Companies like KIP, Samsung,CITIC Capital have invested in the platform

The startup aims to ensure that users can fly at best priced tickets.

The platform claims to book 180K - 200K flight tickets per month

The concept of differential voting rights will help founders over strategic decisions

To make the process easier, Indiatech will also form a core group of senior industry names and founding members

Indiatech will implement changes with the help of Government and SEBI

• Patanjali made social media platforms such as Google, Facebook, and Youtube take down defamatory content
• Infibeam has registered a 26% increase in revenues, thereby earning $13 Mn in Q1 FY 2019
• MakeMyTrip posted a net revenue of $137.4 Mn for the first fiscal quarter ending June 30, 2018

Gross Bookings (6) increased 26.7% YoY in 1Q19 to $1.4 Bn

Adjusted Revenue (3) increased 25.0% YoY in 1Q19 to $170.1 Mn

Adjusted Operating Loss (4) at $32.8 Mn in 1Q19 versus a loss of $52.3 Mn in 1Q18, an improvement of $19.5 Mn YoY.

• 20 startup funding took place in the Indian startup ecosystem this week
• Bengaluru-based assisted ecommerce startup ShopX raised the biggest startup funding round this week - $35 Mn
• Flipkart’s digital payment subsidiary PhonePe received $65.8 Mn as part of its $500 Mn commitment from the parent company